Global Trade operations Essay Example | Topics and Well Written Essays - 750 words

Global Trade operations - Essay Example For a long time most companies have carried out trade between each other to dispose of their supplies in the most economical way and also acquire the products they do not have. In many cases, these transactions often boost the foreign policy between the involved parties especially where there is a mutual production of what the other nation lacks. The web of cross border trading by many countries therefore necessitated harmonisation of the international trade to make transactions easy and reduce time wastage at the ports. Global documents of trade were therefore adopted to simply this process. With export and import trade harmonised, an import of frozen fish for a British retailer from a supplier in Taiwan through FCL shipment in a refrigerated container and the Incoterm CIP Felixstowe use would be verified through the following documentation of export import trade. From the point of export in Taiwan, the supplier will have to present to the importer a supplier’s invoice since the transaction is in place. Suppliers invoice will serve the purpose of indicating the transaction cost to be incurred by the retailer for the supply of frozen fish from Taiwan to his destination. It should be made in a way that it reflects the nature of the export agreements. The agreement in this case is delivery up to the retailer’s premises using the CIP Felixtowe. If it happens that the frozen fish is further packed into large polythene packages, then a packing note would be used to indicate the contents of each sub-package in the refrigerated container. These details could be in form of kilograms or pieces of standard weight if the exporting supplier has standard package measures. This document will help the retailer to quickly verify one large package for consistency as a sample for his order instructions. In addition, the supplier will attach or provide a copy of